Keep pulling the thread on Mark Boyrun.
A provision in the proposed Senate crypto bill prohibits stablecoin issuers from offering rewards simply for holding stablecoins, a move seen as a win for traditional banks.
Polygon Labs announced a deal to acquire Coin.me and Sequence for over $250 million to expand its presence in stablecoin payments.
Following its acquisitions, Polygon Labs is strategically shifting from being a blockchain infrastructure provider to a comprehensive payment solutions company.
Mark Boyrun predicts the stablecoin market will grow by 10x, 20x, or even 50x over the next few years.
The U.S. Senate Banking Committee released a draft of bipartisan crypto regulation ahead of a planned markup on Thursday.
A proposed bipartisan bill from the Senate Banking Committee would amend the Securities Act of 1933 to include 'ancillary assets' or network tokens.
The proposed crypto regulation bill directs the SEC and the Treasury Department to create specific rules for how DeFi trading protocols comply with disclosure, record keeping, and securities laws.
The proposed crypto regulation bill requires the Treasury Department to define how DeFi platforms must comply with the Bank Secrecy Act and anti-money laundering rules.
The proposed crypto legislation directs the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC to develop capital requirements for financial institutions using digital assets.
The Blockchain Association stated that the proposed ban on stablecoin holding rewards was a result of bank lobbying designed to protect incumbents and 'choke off consumer choice'.
The CFTC, under newly appointed chair Michael Selig, has launched an Innovation Advisory Committee to gather opinions on blockchain and other financial technologies.
Cayman Islands-based Kraken Acquisition Corps, a special purpose acquisition company, filed an S-1 with the SEC for an IPO.